Prime（https://primematrix.io/）It is the long-term vision of prime team to provide users with an independent blockchain network asset whose value will not be diluted, so that every corner of the world can enjoy prime emerging decentralized financial services, which will bring prime to multiple blockchain networks At the same time, adjust the supply according to the market demand, and stabilize the market by using the crypto monetary policy of elastic supply.
And suppose that one day in the future, prime will be launched on ACALA (Polkadot), making it an algorithmic asset supporting multi blockchain networks, serving the growing cross chain digital asset market and the defi community, which will be a pleasant thing.
As we all know, Boca makes it possible to interconnect blockchain networks, provides cross chain communication and sharing security, and connects with a large number of parallel chains by bridging Ethereum and bitcoin network. The hub and spoke architecture is adopted in poca network, in which the relay network is taken as the center, which not only ensures the security of POS network, but also becomes the anchor point of cross chain communication. However, it can not run any decentralized applications, and it has no smart contract functions, which will be implemented by parallel chains and parallel threads.
ACALA, as one of the top parallel chains in Boca ecology, is also the most important infrastructure of defi in Boca network. It is the ecological entrance and core financial hub for users to enter Boca defi. In the future, if prime can join the growing ACALA ecosystem, deploying prime assets on ACALA will be an important supplement to the infrastructure of defi, which will provide services to the growing defi community of Boca ecology.
If Prime enters Boca ecosystem in the future, it will also adopt a single monetary policy, and automatically adjust supply (rebase) in multiple blockchain networks according to market demand. The general operation of forecasting users is as follows:
Value transfer: users can simply transfer their prime from one chain wallet to another.
State transition: flexible monetary policy can be adjusted by invoking rebase () command contract in Token contracts on other chains, or by synchronizing state with other chains.
More specifically, the successful deployment of prime in ACALA will bring the following benefits to users:
1. Through deployment in ACALA, prime will be brought into poca ecology;
2. Prime assets will also be used as ACALA network service charge, which means that users can pay prime as the service charge of transaction prime in the network;
3. Prime can deploy the original contract on ACALA EVM with minimal modification, and enjoy the seamless integration with ACALA defi basic components. For example, prime can go online directly with ACALA built-in DEX;
4. The ampl circulation between Ethereum and ACALA / Polkadot can be realized. For example, renvm can initially provide Ethereum and ACALA transition bridge to realize value exchange and state transfer between networks. In addition, if snowfork’s Ethereum bridge is proved to be available, it will also become another technology option to be considered.
When prime enters Boca ecology, the market value of prime will also reach a more mature stage, and the combination of strong and powerful will surely be a day of popular expectation!
